With a one-two-three punch, this could be the end of speculative fever in CoV...

"Gregor Robertson proposes giving locals 1st shot at new condos

Mayor suggests modelling policy on 2016 agreement in West Vancouver

... In an investigation last year, the Globe and Mail revealed major Vancouver developers were privately selling prebuilt condos to friends and family before offering units up to the general public.

This practice allowed the buyers to reassign their contracts to new purchasers at higher prices before the deal closed.

Earlier this year, the Canadian government began a series of actions in federal court, in a bid to force developers to provide details about buyers who flipped presale contracts before construction was completed."

Should free trade become less free, this will have negative economic consequences for each country at the macro level. Individual industries may benefit. But, overall productivity will fall and costs will rise. That is, fewer jobs and more inflation!

As expected, Trump goes rogue. In areas beyond his competence, he makes high risk bets. The possible consequences are terrifying.

Trump is gambling that the Palestinians will have no sponsors after he buys off the Saudi. Apparently not. There's the Muslim fundamentalists in Turkey and Egypt, As well as Iraq and Iran. Not to forget, the Bangladeshi and the Malay Muslims.

Got a call from my realtor last month. Said that this was the last chance to get a quick sale before the new rules take effect January 1st. No surprise that there would be a svaage backlash from governments when speculation runs wild.

... China’s capital outflows fell precipitously in 2017. According to a report from Pictet Wealth Management, capital outflows fell by 67% last year from $500B $166B USD. That’s an even bigger drop from peak outflows of $761B USD in 2015..."

“Stock and bond markets are doing a strange thing that is reminiscent of the 1987 crash

… Rosenberg cited how bonds rallied during the last financial crisis in 2008 when the market fell and during other big corrections.

"But not this time. This rare occurrence of bond yields rising even as stock markets decline was a feature in 1987 and 1994," he added. "What these periods had in common was Fed tightening concerns, jitters over economic overheating and an ever-flatter yield curve. One of these years had a huge correction and one had massive volatility and rolling corrections. Pick your poison."

In terms of the "huge correction" reference, he is referring to the "Black Monday" stock market crash when the Dow Jones industrial average dropped 23 percent on Oct. 19, 1987...”